Intech Investment Management LLC Buys 81,177 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

Intech Investment Management LLC grew its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 213.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,183 shares of the restaurant operator’s stock after buying an additional 81,177 shares during the quarter. Intech Investment Management LLC owned 0.34% of Dave & Buster’s Entertainment worth $3,585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Creative Planning bought a new position in Dave & Buster’s Entertainment in the second quarter worth about $311,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Dave & Buster’s Entertainment in the second quarter worth about $214,000. Fox Run Management L.L.C. purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $381,000. Yousif Capital Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $225,000. Finally, Maryland State Retirement & Pension System bought a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at about $244,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Down 3.4%

Shares of PLAY stock opened at $14.24 on Wednesday. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 and a quick ratio of 0.22. The stock has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $23.56. The company has a market cap of $493.66 million, a price-to-earnings ratio of 41.88 and a beta of 2.02. Dave & Buster’s Entertainment, Inc. has a 1-year low of $13.12 and a 1-year high of $40.10.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, September 15th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.52). The business had revenue of $557.40 million for the quarter, compared to analyst estimates of $565.43 million. Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.Dave & Buster’s Entertainment’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. On average, equities research analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on PLAY shares. Truist Financial lowered their price objective on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, September 16th. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. UBS Group dropped their price target on Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.33.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.